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Shoghik is a farmer from Ghukasavan village in the Ararat region. She lives there with her husband, son and daughter. The family has been running a farm for many years. In particular, they cultivate tomatoes, greens, garlic and potatoes. As this is the family's only revenue source, all the four members are involved in agricultural activities. Shoghik's husband and son sell the agricultural products in local markets. The family's agribusiness needs some investments to function more efficiently. That's why Shoghik has applied for a loan of USD 1,000. The requested amount will be used to pay for 15 bags of fertilizer and buy chemicals for plants. As this is Shoghik's first loan, it has been approved within the framework of the new joint initiative between Kiva and SEF. The first-chance loan program provides loans to people who didn’t have access to credit products in the past because they have no credit history.

Additional Information

More information about this loan

This loan is designed for clients who are considered to be riskier borrowers. SEF is committed to expanding financial access to these individuals, disbursing loans to clients who have no previous credit history, damaged credit, or who have been unable to get loans from other lending institutions.

About SEF International

SEF’s mission is to extend business development and financial services to emerging entrepreneurs in search of productive opportunities to support their families and communities and to build bright futures for children in Armenia.


About Armenia

  • $6,300
    Average annual income
  • 171
    View loans »
    Armenia Loans Fundraising
  • $17,141,425
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Paying Back

This loan has been fully funded!

A loan of $1,000 helped Shoghik to purchase fertilizers and chemicals for plants.
56% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Jul 10, 2014
Jul 22, 2014
Currency Exchange Loss: